Aggregate Supply Could Increase Due to All of the Following

question 102

Multiple Choice

Aggregate supply could increase due to all of the following except:

• A) an improvement in technology
• B) decrease in the price of resources
• C) optimistic producers' expectations
• D) increase in government spending
• E) none - all of these would cause aggregate supply to increase

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Definitions:

Universal Language

A hypothetical or proposed language that is understood and spoken universally by all human beings.

Cultural Phenomenon

Any aspect, trend, or activity that significantly influences or characterizes the social practices, beliefs, and behaviors of a society or a specific time period.

Deliberate System

This pertains to a cognitive processing system that is conscious, analytical, and controlled, requiring effort and attention.

Automatic System

A type of cognitive processing that is fast, unconscious, and requires little effort, often contrasted with controlled processing.